Financial performance

Financial performance

Financial performance summary

The following is a brief summary of the overall financial position of the agency. The information is unaudited.

Full audited financial statements for 2016-17 are attached to this report. The preliminary year end Profit Before Tax result is $188.5m which is $5.4m higher than original budget. This result can be attributed to a number of factors including:

  • lower estimated water sales of (13.8 GLs)/($51.8 million) offset by upside in prior year unbilled revenue of $5.3 million
  • other revenue considerations of $24.1 million (includes recognition of funding for the Department of Planning, Transport and Infrastructure (DPTI) projects; water and wastewater rates; and gain on sale of water licenses and surplus renewable energy certificates)
  • operating expenditure is $21.1 million under budget, with favourable variances against contractors, electricity and treatment plant contracts
  • depreciation and amortisation is also $6.7 million lower due to timing of capital delivery and lower asset re-valuations.

Consultants

The following is a summary of external consultants have been been engaged by SA Water, the nature of work undertaken and the total cost of the work undertaken. 

Consultancies less than $10 000

ConsultantAmountDescription / Purpose
Mercer2 249Workforce planning and training advice
MWH Australia Pty Ltd5 000Update of the Benefits Realisation Report related to the North South Interconnection System Project

Consultancies above $10 000 each

ConsultantAmountDescription / Purpose
Yellowscope Pty Ltd18 720Preparation of the Electronic Lodgement Implementation Plan
KPMG24 160Workshop Services Information Services (IS)
Yellowscope Pty Ltd24 449Specialist business analytics
Marchment Hill Consulting24 834Civil Maintenance benchmarking
Yellowscope Pty Ltd25 977Asset information change management planning and implementation support
KPMG36 172EA Strategy Planning workshop facilitation
Symbiosis Australia Pty Ltd43 978Asset management headwork major pipeline structures support
Mercer48 391General remuneration advice - under SO7740
Yellowscopes Pty Ltd275 535Management of Asset (MoA) Project Management
Grand Total529 465 

See tenders.sa.gov.au/tenders/index.do for a list of all external consultancies, including nature of work and value. See also the Consolidated Financial Report of the Department of Treasury and Finance treasury.sa.gov.au for total value of consultancy contracts across the SA Public Sector.